GREAT LOCATION NEW YORK, INC. v. 719 SEVENTH TIC 1 OWNER, LLC

2870, 651252/15.

146 A.D.3d 680 (2017)

2017 NY Slip Op 00547

46 N.Y.S.3d 52

GREAT LOCATION NEW YORK, INC., Appellant, v. 719 SEVENTH TIC 1 OWNER, LLC, Respondent, et al., Defendant.

Appellate Division of the Supreme Court of New York, First Department.

Decided January 26, 2017.


In a provision titled "Demolition," the commercial lease agreement between plaintiff and defendant landlord permitted the landlord to terminate the lease in the event it intended to demolish the building, provided that it gave the tenant six months' notice, and the landlord agreed to pay the tenant a surrender bonus promptly after the tenant vacated the premises, provided that the tenant "was not in default beyond any applicable grace period with respect to a provision of...

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